Corruption of Capitalism: Why rentiers thrive and work does not pay

Politicians, financiers, and bureaucrats believe in free competitive markets but have created the most unfree market system ever, funneling income to property owners at the expense of society. The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier and encourage sustainable growth.

Format: Paperback / softback
Length: 416 pages
Publication date: 06 May 2021
Publisher: Biteback Publishing

Politicians, financiers, and bureaucrats often profess their belief in the virtues of free competitive markets, yet they have architected the most restrictive and unyielding market system ever witnessed. In this era of opulence known as the Gilded Age, wealth is unfairly concentrated in the hands of property owners, encompassing financial, physical, and intellectual assets, at the expense of the broader society. Wages remain stagnant as labor markets undergo profound transformations driven by outsourcing, automation, and the emergence of the on-demand economy. This shift has resulted in the accumulation of rental income while expanding the ranks of the precariat, a class of workers who are perpetually vulnerable and exploited.

In an effort to address these systemic issues, The Corruption of Capitalism has been thoroughly revised and updated. This comprehensive work examines the profound challenges exposed by Brexit and Covid-19, highlighting the urgent need for a transformative solution. It argues that the current system of rentier capitalism is fostering discontent and presents a novel income distribution system that aims to eradicate the rentier class while promoting sustainable economic growth.

The book delves into the intricate mechanisms that perpetuate wealth inequality and exploitation. It exposes the ways in which corporate interests, political influence, and regulatory frameworks are rigged to favor the privileged few at the expense of the general public. By challenging these power structures, The Corruption of Capitalism offers a roadmap for building a more equitable and sustainable society.

The proposed income distribution system revolves around the concept of universal basic income, which ensures that all individuals have a sufficient income to meet their basic needs. This would eliminate the need for low-wage jobs and provide a stable foundation for individuals to pursue education, entrepreneurship, and other fulfilling pursuits. Additionally, the system would introduce progressive taxation, where wealthier individuals and corporations are taxed at a higher rate, generating revenue for social programs, infrastructure development, and environmental protection.

By implementing these measures, The Corruption of Capitalism aims to create a more just and prosperous society. It recognizes that economic growth cannot be sustained solely through the pursuit of profit and that the well-being of individuals and the planet must be prioritized. The book offers a vision for a future where wealth is distributed more fairly, where workers are valued and empowered, and where the fruits of innovation and hard work are shared by all.

In conclusion, The Corruption of Capitalism is a vital and timely contribution to the ongoing debate about economic inequality and sustainability. It challenges the dominant narrative of free market capitalism and presents a compelling alternative that aims to eradicate the root work while promoting sustainable growth. By advocating for a more equitable and just distribution of wealth, this book offers a roadmap for building a more prosperous and inclusive society.

Weight: 394g
Dimension: 129 x 199 x 35 (mm)
ISBN-13: 9781785906817
Edition number: New ed